Africa is expected to reach 1bn mobile subscriptions in the fourth quarter of 2016 and 1.02bn by year-end, according to research from Ovum The advisory firm predicts that the total number of mobile subscriptions on the continent total 1.33bn at the end of 2021. According to the firm, the average rate of mobile penetration in…

Nigeria needs at least $14 billion a year in new investment over the next five years to raise oil output to 2.2 million barrels a day and even higher spending to lift it to 3 million bpd, the head of a company producing oil in the country said. Source: Offshore Producer: Nigeria Needs Billions in…